Interactive Brokers Adopts Stablecoins USDC & Paxos for Crypto Competitiveness

Interactive Brokers, a major global electronic brokerage firm, has announced the integration of stablecoin deposits and withdrawals for its clients. This strategic move is designed to enhance the platform's competitiveness in the rapidly evolving cryptocurrency and digital asset space. The firm now supports direct transactions using USD Coin (USDC) and Paxos Dollar (USDP) stablecoins, providing users with a faster and potentially more cost-effective method to fund their investment accounts compared to traditional bank transfers. This initiative reflects a growing trend among traditional financial institutions to bridge the gap with digital asset ecosystems and cater to increasing client demand for crypto-related services.